Business
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Novartis highlights progress towards access and environmental goals in 2016 CR Performance Report
Jan 28, 2017News Hour: Novartis published its Corporate Responsibility (CR) Performance Report for the fourth consecutive year, highlighting progress on access and environmental goals in 2016. Building on the company’s long history of corporate responsibility and transparent reporting,... -
Ford’s earnings to be hit by a delayed currency impact of at least $600 million from Brexit
Jan 27, 2017News Hour: Ford’s 2017 earnings will be hit by a delayed currency impact of at least $600 million from Britain’s vote to leave the European Union, the U.S. carmaker told Reuters, putting last year’s record European profit... -
German prosecutors are investigating former Volkswagen CEO on suspicion of fraud
Jan 27, 2017News Hour: German prosecutors are investigating former Volkswagen chief executive Martin Winterkorn on suspicion of fraud, looking into when he first knew that the carmaker was rigging diesel emissions tests. It is the second investigation into... -
Toshiba Corp to sell a minority stake in its memory chip business
Jan 27, 2017News Hour: Toshiba Corp said it will sell a minority stake in its memory chip business as it urgently seeks funds to offset an imminent multi-billion dollar writedown, adding that its overseas nuclear division – the... -
Microsoft reported a rise in profits showing gains in cloud computing as it absorbed LinkedIn
Jan 27, 2017News Hour: Microsoft on Thursday reported a rise in profits over the past quarter, showing gains in cloud computing and other new areas of focus as it absorbed the LinkedIn social network. The US tech giant... -
Alphabet inc reported profit climbed on growth
Jan 27, 2017News Hour: Google parent Alphabet on Thursday reported that its profit in the final three months of last year climbed on growth in mobile search and video-sharing service YouTube. For earnings purposes, Alphabet separates operations such... -
Johnson & Johnson to buy Swiss biotech company Actelion in a $30 billion all-cash deal
Jan 26, 2017News Hour: U.S. healthcare giant Johnson & Johnson will buy Swiss biotech company Actelion in a $30 billion all-cash deal that includes spinning off Actelion’s research and development pipeline, the companies said on Thursday. The biggest... -
Ericsson cuts its annual dividend by 73 percent
Jan 26, 2017News Hour: Mobile telecom equipment maker Ericsson cut its annual dividend by 73 percent, with its new CEO saying the Swedish company would prioritize profitability after it suffered an operating loss in the last three months... -
Facebook hires Hugo Barra, the most prominent global executive at Xiaomi Inc
Jan 26, 2017News Hour: Facebook Inc has hired Hugo Barra, the most prominent global executive at Chinese smartphone maker Xiaomi Inc, to lead its virtual reality business including the Oculus unit, Chief Executive Mark Zuckerberg said. The 32-year-old... -
Strikes cut deeply into the fourth quarter profits of Kia Motors
Jan 26, 2017News Hour: Strikes cut deeply into the fourth quarter profits of South Korea’s second largest automaker, Kia Motors, it said on Thursday. Net profit came to 320 billion won (US$276.3 million) in the October-December period, down...
